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Maximus Resources Limited (ASX:MXR)

ALERT: Price-sensitive ASX Announcement for MXR
Current share price for MXR : $0.077 -0.003 (-3.75%)+
Announcement
Release
31 Mar 2025 9:54AM
Price at Release
$0.080
Full Release
download
Summary
Maximus Resources Limited has received a compulsory acquisition notice from Astral Resources NL, which has acquired approximately 90.5% of Maximus shares. The notice indicates that if shareholders do not accept the offer by 7:00 pm (AEDT) on 4 April 2025, Astral will initiate the compulsory acquisition process under the Corporations Act 2001. After this date, ASX will suspend the quotation of Maximus shares and subsequently remove Maximus from the official list of ASX.
Key Points
  • Astral has acquired approximately 90.5% of Maximus shares.
  • Compulsory acquisition process will begin on 31 March 2025.
  • Maximus shareholders must accept the offer by 4 April 2025.
  • Shares will be suspended and removed from ASX if not accepted.
  • Shareholders accepting the offer will receive accelerated consideration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.